Chairmen Zaid el-mogaddedi, Managing Director, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/M.

Transcription

1 Chairmen Managing Director, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/M. Alberto G. Brugnoni, President and Founding Member, Association for the Development of Alternative Instruments and Innovative Finance (ASSAIF), Italy Islamic Finance has emerged as one of the fastest growing industries. Within the next five years the volume is expected to grow to 1 trillion USD. London is already positioned to become the European Hub for Islamic Finance. Does the rest of Europe miss this trend? This forum is dedicated to explore the challenges and opportunities for the Finance industry and the real estate market. Be provided with the latest information needed to become a particpant in the market. Media Partner: Simultaneous Translation English > German! Cooperation Partner: Phone: +49 (0)69/ Fax: +49 (0)69/

2 Alberto G. Brugnoni, Association for the Development of Alternative Instruments and Innovative Finance (ASSAIF) Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/M. Dr Mohd Daud Bakar, International Institute of Islamic Finance (IIIF) Inc Dr Osama Abdelwahab, University of Zurich Nazmi Camalxaman, CIMB Islamic, CIMB Bank Berhad, London Omar Shaikh, Ernst & Young LLP, London Raficq Abdulla, University Kingston Hill Keith Leach, ABC International Bank plc Dr Adnan Aziz, BMB Islamic UK, London Prof Dr Volker Nienhaus, University of Marburg Dr Olaf Fasshauer, Dechert LLP, München Mushir Khwaja, SHAPE Division Dr Simon G. Grieser, Mayer Brown LLP, Frankfurt/M. Thomas Gierath, Dechert LLP, München Mohammad Farrukh Raza, IFAAS UK Limited (Islamic Finance Advisory & Assurance Services), Birmingham Farmida Bi, Norton Rose LLP, London Christopher Kalbhenn, IBM Deutschland, Hamburg Dr Paul-Gerhard Haase, IBM Deutschland, Hannover Jalalle Chahboune, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/Main Musthak Parker, Islamic Banker Magazine, London Dr Osama Abdelwahab, Consultant and Islamic Finance expert Mohammed Amin MA FCA AMCT CTA (Fellow), PricewaterhouseCoopers LLP, London Dr Patrik Pohl, Deutsche Bank, Frankfurt/M. Lars-Oliver Breuer FRICS/Business Mediator RICS, Savills Immobilien Beratungs-GmbH, Hamburg Sheikh Dr Mohamed Ali Elgari

3 Agenda: Tuesday, 4th November 2008 Chair: Managing Director, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/M. Alberto G. Brugnoni, President and Founding Member, Association for the Development of Alternative Instruments and Innovative Finance (ASSAIF), Italy 8:45 Registration and morning refreshments 9:10 Welcome by the IIR Deutschland GmbH and Chairmens opening remarks 9:20 Fundamental underlying Principles of Islamic Finance Short history of Islamic Finance Foundations and sources of Islamic law Main prohibitions (Is commercial interest Riba) and Business Ethics Overview of the Financial Modes used by Islamic Banks Jalalle Chahboune, Director, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/Main 9:40 The landscape of opportunity: Defining the driving forces of growth for Islamic Finance in europe Assessing the scope and attractiveness of the European markets for Islamic Finance Which markets? Which segments? Which products? Islamic Finance and Europe Leveraging the UK s emerging role Developing the UK as a centre for Islamic Finance Global perspectives on Islamic Finance What other European countries offer high growth potential? Musthak Parker, Editor, Islamic Banker Magazine, London 10:20 Basic Principles and Global Trends in Islamic Finance Shariah Boards and Shariah Compliance of Contracts and Techniques Islamic Finance between Islamic Law and Islamic Economics Structure, Volume and Growth of Islamic Finance (Banking, Capital Markets, Insurance) The Infrastructure of Islamic Finance (Laws, Regulation and Supervision, Standard Setting, Training and Education, Consultancy, Rating, Media) Prof Dr Volker Nienhaus, President, University of Marburg 10:50 Coffee break 11:20 Islamic banking developments in the domestic market UK Why London became the European hub for Islamic Finance The UK Islamic Banking System What taxation policies have been adopted in the UK to develop the IF market UK Mortgage Market UK Sukuk and Takaful Market Product Innovation and Future Outlook Keith Leach, Head of Alburaq, ABC International Bank plc 11:50 Towards consistent Shariah interpretations in the context of european financial markets Internationalisation of the industry and its impact on Shariah What needs to be done to harmonise Shariah rulings across all markets? Towards consistency of Shariah interpretation: Is there a need for a supreme board to act for the global industry? Managing increasingly complex products and deals within a consistent Shariah framework Developing a base of European Shariah scholars Should every bank continue to have its own Shariah board? Exploring the Role of regulators in the harmonisation process Dr Mohd Daud Bakar, President and CEO, International Institute of Islamic Finance (IIIF) Inc, Kuala Lumpur 12:30 Lunch 14:00 Shariah Law: Principles and practice in a western context Raficq Abdulla, University Kingston Hill 14:30 Sukuk an important asset class The role and development of sukuk The growth of the global sukuk a non-islamic phenomenon? What is sukuk? Basic features of sukuk and structure mechanism Overview of the product and comparisons with other conventional capital market products (bonds, etc.) The rise of sukuk Issuance and Investment in the middle east Critical factors in rating sukuk Credit enhancements in sukuk Dr Adnan Aziz, Head of Shariah Advisory & Structuring, BMB Islamic UK, London 15:10 Coffee break 15:40 Structuring sukuk for the real estate market and examining its growth assessing the tremendous growth of the sukuk market Formula for success: Can it be applied in every market? Is there a huge possible impact of the sub-prime crisis on sukuk issuance? Overcoming credit risk in sukuk and issues facing more covenants and thin pricing Exploring the benefits of rating sukuk Nazmi Camalxaman, Manager, Global Markets, CIMB Islamic, CIMB Bank Berhad, London 16:10 Structuring Shariah compliant Real Estate Funds Requirements of Islamic investors regarding real estate investments Constraints for investments and financing of the fund Shariah board observance and investors rights Eligible fund structures for Islamic real estate funds Thomas Gierath, Partner, Dechert LLP 16:45 Shariah compliant securitisations an evolving sector Key players, drivers & trends Driving growth through innovation new issuance structures Hot topics-tranching, purchase undertakings, ratings Farmida Bi, Partner, International Securities Group, Norton Rose LLP, London 17:20 Chairmens closing remarks and end of day one, followed by board dinner Phone: +49 (0)69/ Fax: +49 (0)69/

4 Agenda: Wednesday, 5th November 2008 Chair: Managing Director, Institute for Islamic Banking & Finance (IFIBAF), Frankfurt/M. Alberto G. Brugnoni, President and Founding Member, Association for the Development of Alternative Instruments and Innovative Finance (ASSAIF), Italy 8:30 Morning refreshments 9:00 Shariah compliant real estate investments What kind of requirements do investors have? Permissable Assets Financing of acquisitions in compliance with Shariah Shariah compliant (German) lease contracts Dr Olaf Fasshauer, Partner, Dechert LLP, München 9:30 Tax issues in structuring shariah compliant real estate acquisitions Obtaining relief for financing costs Avoiding multiple real estate transfer taxes Minimising local taxes on income and exit Managing the complexities of multi-jurisdictional transactions Countries to be covered: Germany, United Kingdom, United States of America Mohammed Amin MA FCA AMCT CTA (Fellow), Tax Partner, PricewaterhouseCoopers LLP, London 10:00 Legal issues in structuring Shariah compliant investments German supervisory law vs Shariah board Distribution of Islamic funds in Germany Jurisdiction clause vs Shariah law Drafting of Shariah compliant contracts from a German law perspective Transformation of a bank into an Islamic Finance institution Dr Simon G. Grieser, Associate, Mayer Brown LLP, Frankfurt/M. 10:30 Coffee Break 11:00 Break-out session: Bankamız Client experience in the best of both worlds Ethnic banking for Turkish clients in Germany as best practice example for differentiation in retail banking Building blocks of Bankamız and success factors in ethnic marketing What the clients demand: limited potential for Islamic banking products in the Turkish client segment in Germany Dr Patrik Pohl, General Manager Bankamiz, Deutsche Bank, Frankfurt/M. 11:20 Does Islamic Finance have any room to thrive in Europe? Current state of the market Assumptions & realities Regulatory challenges Critical success factors What next? Mohammad Farrukh Raza, Managing Director, IFAAS UK Limited (Islamic Finance Advisory & Assurance Services), Birmingham 11:50 Ask the Scholar A Shariah perspective on Islamic real estate and retail banking 12:20 Lunch Sheikh Dr Mohamed Ali Elgari 13:30 Islamic Banking in Saudi Arabia a field report The foundation of an Islamic Bank From strategy to implementation Insight into Islamic Corporate Banking and Islamic Retail Banking Christopher Kalbhenn, Senior Managing Consultant Financial Services, Financial & Risk Management, Global Business Services, IBM Deutschland, Hamburg Dr Paul-Gerhard Haase, Senior Managing Consultant European Integrated Banking Team, Global Business Services, IBM Deutschland, Hannover 14:00 Private Equity A modern day musharaka? Importance of Private Equity asset class to Islamic Finance Key trends und growth dynamics in Islamic Private Equity funds Shariah-compliant Private Equity: Capturing the opportunity The market for Islamic Alternative Investments: Where is the real potential for growth? Omar Shaikh, Private Equity & Islamic Finance Ernst & Young LLP, London 14:30 Experience report: Shariah investment funds in Germany on the example of Arab Investment Ltd Lars-Oliver Breuer FRICS/Business Mediator RICS, Managing Director Investment, Savills Immobilien Beratungs-GmbH 15:00 Coffee Break 15:20 Understanding Islamic Derivatives- Methodology, Issues and Product Structuring Dr Osama Abdelwahab, Consultant and Islamic Finance expert, Research Fellow, University of Zurich 15:50 Which asset classes offer the next growth boom: Scoping new trends in private equity, Islamic real estate, infrastructure & hedge funds Key trends in specific asset classes Shariah-compliant Private Equity: Capturing the opportunity The market for Islamic Alternative Investments: Where is the real potential for growth? Mushir Khwaja, Research Analyst, SHAPE Division 16:20 Chairmens closing remarks and end of the conference Cooperation Partner Phone: +49 (0)69/ Fax: +49 (0)69/

5 Who should attend Anyone involved in any aspect of Islamic Finance or considering to enter the field, to create and to market Islamic products, especially from: Commercial bank Investment Bank Real Estate Company Insurance Mutual Funds Furthermore professionals who deal or intend to deal with Islamic institutions, regulators, international bankers, emerging market specialist or Islamic investors, like: International bankers and financiers Fund managers Institutional asset managers Investment managers Portfolio managers Insurance companies Lawyers Investment advisors Legal advisors Consultants Regulators Your Contacts Conception: Ina Lack Conference Manager Organisation: Inez von Randow Conference Coordinator Exhibition and Sponsoring: Gunilla Weber: Senior Sales Manager Marketing und Cooperation: Lutz Karlsbach Marketing Manager Infoline: +49 (0)69/

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